The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Russell Jones & Walker has enlisted the services of one of the UK’s largest unions the GMB to help the firm undergo a radical restructuring programme which will affect staff across the board, including fee-earners and partners.
The management hopes that the process will ensure the firm continues to be a player in a rapidly changing market.
Managing partner Neil Kinsella told The Lawyer: “We believe there’s a long-term future in this market. But it’s vital for any firm that wishes to take advantage of opportunities that are now arising to modernise.”
At this stage, it is unknown whether redundancies will be made, but all staff, right through to partner level, will have their roles reviewed. The management conceded that the new firm is likely to be “leaner”.
However, Kinsella said: “We’ll be looking to retrain people and to change their working methods rather than lose them.”
The firm will continue with a structure that is more corporate than partnership. “We believe that the old-fashioned partnership model is no longer appropriate,” said Kinsella. The firm is also looking to switch to a more client-oriented focus, rather than a practice group structure.
The move comes as the option of fee-sharing within the legal market could be introduced as early as summer 2004, which will allow external funding for law firms. The move follows a round of 40 redundancies last year, as well as five redundancies that came as a result of the Leeds office being closed earlier this year. However, Kinsella emphasised that the new restructuring was related not only to increasing competition in the personal injury market, but also regulatory changes. The process is expected to take 9-12 months.